Business Update29 Jul 2025, 12:32 pm
AIA Engineering Ltd to Close Nagpur Unit for Enhanced Productivity
AI Summary
AIA Engineering Ltd has decided to discontinue manufacturing operations at its Nagpur unit, located at L-3, MIDC Industrial Area, Hingna, Nagpur — 440 016, from the close of business hours on July 29, 2025. This decision is aimed at achieving enhanced productivity, logistical efficiencies, improved supply chain coordination, and reduced transit costs without any production/revenue loss. The Nagpur unit contributed a negligible 14,028.02 Lakhs to the company's total turnover of 4,28,744.39 Lakhs in the last financial year.
Key Highlights
- AIA Engineering Ltd to close Nagpur unit for enhanced productivity and logistical efficiencies.
- The Nagpur unit contributed 14,028.02 Lakhs to the company's total turnover of 4,28,744.39 Lakhs in the last financial year.
- The closure will not have any adverse effect on the production/business operations and profitability of the company.
- The decision is aimed at achieving enhanced productivity, logistical efficiencies, improved supply chain coordination, and reduced transit costs.
- The Nagpur unit's closure is expected from the close of business hours on July 29, 2025.